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BBCNEWS Asia July 5, 2024

more than 9% injune of last year. it is a sign of the federal reserve s moves to raise interest rates to slow down inflation seems to be working. but analysts still think america central bank will raise interest rates one more time at their next meeting. it is good news for consumers but also good news for us president joe biden who counted the administration s efforts to bring prices down. he is facing re election next year and being able to control inflation without pushing the repeat into recession, it will be key in montana for years at the white house. the chief economist says he is wondering whether this is a turning point. other central banks around what asking themselves, has the us peak? we are, consumers can get the stuff they want to buy. one of the things they are concerned with is even that he had numbers is down to 3%, waved down from nine, the core inflation excluding the food and energy components are still pretty high, nowhere near the 2% target. i t ....

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BBCNEWS Asia July 5, 2024

and it has fallen pretty sharply from its peak of more than 9% injune of last year. it is a sign that the federal reserve s moves to raise interest rates to slow down inflation seems to be working. but analysts still think america s central bank will raise interest rates one more time at their next meeting. now, the cooler inflation is good news for consumers but it is also good news for us presidentjoe biden, who touted the administration s efforts to bring prices down. now, he s facing re rlection next year and being able to control inflation without pushing the economy into a recession will be key if he want another four years in the white house. william lee is the milken institute chief economist and he says everyone is wondering whether this is a turning point. that is the ultimate question at the fomc and all the central banks around about asking themselves, has it peaked? a lot of the inflation decreases have come about because supply chain to become restored aro ....

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BBCNEWS Asia Business Report June 4, 2024 00:38:00

During the crisis even i had 1a chefs inside my kitchen. right now i have only two. i am recruiting weekly. as a businessman i do not see a clear future right now. in 2022 more than 300,000 left the country in search of a better future. the highest migration in sri lanka s history. the brain drain of the most skilled, like the doctors, paramedical staff, chefs, it professionals, is leaving a critical gap that economists worry can affect the country s economic recovery. government says imf financial support is helping stabilise the economy. the present concern from the current government is to finalise debt restructuring talks before the imf review in september. the government is proposing its foreign lenders take a 30% cut on the principal amount owed. now, getting the bilateral creditors, especially china, ....

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BBCNEWS Asia Business Report June 4, 2024 01:38:00

Only have two. i am recruiting weekly. as a businessman, i don t see refuge right now. in 2022, more than 300,000 left the country in search of a better future. the country in search of a betterfuture. the highest better future. the highest migration betterfuture. the highest migration in sri lanka s history. the brain trend of the most skilled, elected doctors, paramedical staff, chefs, most skilled, elected doctors, paramedicalstaff, chefs, it pa ramedical staff, chefs, it professionals paramedicalstaff, chefs, it professionals are leaving a critical gap that economists worry can affect the country s economic recovery. the government says imf financial support is helping stabilise the economy. the present consent for the current government is to finalise restructuring talks before the imf review in september. the government in china is proposing its foreign lenders to take a 30% cut on the principal amount owed. getting the bilateral creditors, especially china, to agree on these t ....

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